SEC Eyes Stricter Disclosure Of Executive Pay, Perks

Law360 (January 10, 2006, 12:00 AM EST) -- Investors should have more access to information about executives’ compensation, bonuses, perks and pay packages, according to the Securities and Exchange Commission, which is setting the stage for increased corporate disclosures.

SEC Chairman Christopher Cox has scheduled an open meeting on the topic for January 17th, seeking to update rules governing disclosure of executive and director compensation. A second vote would be required to adopt the new rules, which wouldn't take effect until the 2007 proxy season.